Tag Archives: Currencies

The euro is plunging – and probably won’t bounce back soon

E as in ebbing. kentoh/Shutterstock Keith Pilbeam, City, University of London The euro has weakened against the US dollar since the beginning of 2021, from around US$1.23 to its current exchange rate of US$1.13. That’s a fall of about 9%, which is significant, especially since these are the two major currencies of the world. The drop has also intensified in …

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